LIV Golf: the line that pro sports has crossed that will be its demise?

[CapitalsCupReality]

The fantasy is thinking that LIV's business model is anywhere close to being sustainable.

This current model to establish a new Tour is one that will almost certainly change if they can establish a solid Tour structure.

not sure that this is any different in concept to any entity trying to break into a certain industry or business vertical, where massive investment is needed initially.

 

[daver]

This current model to establish a new Tour is one that will almost certainly change if they can establish a solid Tour structure.

not sure that this is any different in concept to any entity trying to break into a certain industry or business vertical, where massive investment is needed initially.

The current model is to throw as much money as needed to meet a political agenda.

 

[CapitalsCupReality]

The current model is to throw as much money as needed to meet a political agenda.

Ok man…..whatever you feel like believing in….

 

[daver]

Ok man…..whatever you feel like believing in….

You think throwing ten times (a conservative estimate) the amount of money into tournaments that the PGA Tour throws into theirs is normal "business" practice, I don't know what to tell you.

 

[CapitalsCupReality]

You think throwing ten times (a conservative estimate) the amount of money into tournaments that the PGA Tour throws into theirs is normal "business" practice, I don't know what to tell you.

And yet….look the PGA Tour just massively boosted prize money….partial mission accomplished….

 

[daver]

And yet….look the PGA Tour just massively boosted prize money….partial mission accomplished….

Whose mission are you referring to?

And what the PGA Tour did was give more money to the top players likely at the cost of the lower tier players. I don't give a shit about what the PGA Tour does business-wise. That, in a vacuum, is a separate discussion.

What golf fans (and all sports fans) should care about is the top players playing in glorified exhibitions vs. the top competitive league the sport can offer.

 

[J T Money]

The fantasy is thinking that LIV's business model is anywhere close to being sustainable.

Their business model is more sustainable than the PGA’s. The dividends alone from the Public Investment Fund covers the entire LIV costs and some.

PGA relying on ad revenue and ticket sales while their league dwindles into obscurity is a bad business model.

 

[daver]

Their business model is more sustainable than the PGA’s. The dividends alone from the Public Investment Fund covers the entire LIV costs and some.

PGA relying on ad revenue and ticket sales while their league dwindles into obscurity is a bad business model.

Obviously referring to LIV's business model on it's own standing.

You could run a burping competition as a "sustainable" pro sport if it's expenses were covered by an independent investment fund.

 

[J T Money]

Obviously referring to LIV's business model on it's own standing.

You could run a burping competition as a "sustainable" pro sport if it's expenses were covered by an independent investment fund.

It’s no different than starting a restaurant. It’s an investment and you hope the ROI pays off. With LIV, they will be a loss leader for a decent amount of time but the PIF won’t lose a dime.

They recognized this prior to starting it and still went through with it as a means of diversifying the holdings (no different than people buying professional sports teams etc).

Whether it becomes successful and turns a healthy profit or it continues to be a money pit and they cancel is a much different story.

 

[daver]

It’s no different than starting a restaurant. It’s an investment and you hope the ROI pays off. With LIV, they will be a loss leader for a decent amount of time but the PIF won’t lose a dime.

They recognized this prior to starting it and still went through with it as a means of diversifying the holdings (no different than people buying professional sports teams etc).

Whether it becomes successful and turns a healthy profit or it continues to be a money pit and they cancel is a much different story.

Restaurants aren't usually launched by undercutting their competition by selling the same food for 50% less.

 

[J T Money]

Restaurants aren't usually launched by undercutting their competition by selling the same food for 50% less.

You’ve stated dozens of times that it isn’t the same product of the PGA Tour…and how exactly are they selling the same thing at a 50% discount?

The restaurant comparison is one where you start the business knowing full well you wont be profitable immediately (unless you get extremely lucky), so you eat the losses as a means to grow popularity and become profitable in the future.

 

[KapG]

No cuts, 54 hole tournaments thst are shot gun starts? Absolutely pathetic lmao

 

[Arthur Morgan]

little late on this was at the cottage all weekend. but PGA ever going to stop these guys from going over?

Winning in the PGA soon wont even be that impressive since it's not the worlds best vs the worlds best anymore
Im looking forward to the upcoming LIV vs PGA matchups that eventually will happen because LIV isn't going anywhere. strap your self in PGA fans it's prob only going to get worse from here.

Report: Six PGA Tour Players To Join LIV Golf Next Week

In a report by the Golf Channel, six players are set to join the Saudi-backed series, with their fourth event getting underway in Boston on the 2nd September

www.golfmonthly.com

 

[daver]

little late on this was at the cottage all weekend. but PGA ever going to stop these guys from going over?

Winning in the PGA soon wont even be that impressive since it's not the worlds best vs the worlds best anymore
Im looking forward to the upcoming LIV vs PGA matchups that eventually will happen because LIV isn't going anywhere. strap your self in PGA fans it's prob only going to get worse from here.

Report: Six PGA Tour Players To Join LIV Golf Next Week

In a report by the Golf Channel, six players are set to join the Saudi-backed series, with their fourth event getting underway in Boston on the 2nd September

www.golfmonthly.com

Maybe they could align with one of Saudi Arabia's neighbors. Obviously putting out a popular pro sport product that operates under normal market conditions is a terrible strategy.

Fingers crossed that all other North American sports will follow LIV's model and poach the world's best athletes to play in glorified exhibitions.

 

[Arthur Morgan]

Maybe they could align with one of Saudi Arabia's neighbors. Obviously putting out a popular pro sport product that operates under normal market conditions is a terrible strategy.

Fingers crossed that all other North American sports will follow LIV's model and poach the world's best athletes to play in glorified exhibitions.

alot of money to build a new league and populate it with enough teams to even spark players interest. thats also alot of players to pay. Maybe one day but I highly doubt it.

Relax dude the bigger LIV gets just means they will at some point make a deal, merge or something, Im sure there would have to be a restructure of LIV. either way the more it grows will just mean more Golf.

 

[spintheblackcircle]

Can't wait for North Korea to start their pro tour, then we will have REAL competition.

 

[GoBuds14]

Watered down events like the Ryder Cup, the Players and possibly the majors is horrendous for golf. LIV had the opportunity to be intriguing by playing international courses with a team aspect, but the 54 hole shotgun format is a non starter for almost every single golf fan. I don’t know a single person who intends on watching LIV, and losing significant star power on the PGA will hurt as well. LIV has potential as a rival tour if done properly but if they don’t adjust I can’t see golf fans embracing it whatsoever

 

[KingLB]

alot of money to build a new league and populate it with enough teams to even spark players interest. thats also alot of players to pay. Maybe one day but I highly doubt it.

Relax dude the bigger LIV gets just means they will at some point make a deal, merge or something, Im sure there would have to be a restructure of LIV. either way the more it grows will just mean more Golf.

You aren’t paying attention if you think a “merger” is happening. There can only be one King. Saudi’s aren’t giving away all this money to end up with the PGA logo anywhere.

And in no way is this growing golf, if anything it’s turning golf into boxing with so many titles and belts and tournaments nobody can track and everyone ends up a loser. (Well except all the guys that got paid in advance by LIV)

 

[Arthur Morgan]

You aren’t paying attention if you think a “merger” is happening. There can only be one King. Saudi’s aren’t giving away all this money to end up with the PGA logo anywhere.

And in no way is this growing golf, if anything it’s turning golf into boxing with so many titles and belts and tournaments nobody can track and everyone ends up a loser. (Well except all the guys that got paid in advance by LIV)

only time will tell my friend.

 

[J T Money]

With all the top talent bailing from the PGA, it’ll soon be a minor league feeder system for LIV.

 

[Dr John Carlson]

Yeah, I don't know about that.

 

[daver]

Watered down events like the Ryder Cup, the Players and possibly the majors is horrendous for golf. LIV had the opportunity to be intriguing by playing international courses with a team aspect, but the 54 hole shotgun format is a non starter for almost every single golf fan. I don’t know a single person who intends on watching LIV, and losing significant star power on the PGA will hurt as well. LIV has potential as a rival tour if done properly but if they don’t adjust I can’t see golf fans embracing it whatsoever

A lot of folks won't be embracing it given the source of funding to say nothing of the actual LIV format.

For the sake of pro sports keeping some semblance of "true competition" and not selling out 100% commercially, I hope LIV falls flat on its face.

 

[GoBuds14]

A lot of folks won't be embracing it given the source of funding to say nothing of the actual LIV format.

For the sake of pro sports keeping some semblance of "true competition" and not selling out 100% commercially, I hope LIV falls flat on its face.

I 100% agree. I personally stay away from the funding from Saudi argument, because half these guys are sponsored by Nike who’ve had human rights issues themselves, and the tour does business in China, plus Saudi Arabia is large trading partner for the USA, therefore I don’t find that argument overly strong as an opposition to LIV. But I’m with you, I’m hope LIV fails spectacularly

 

[DoyleG]

little late on this was at the cottage all weekend. but PGA ever going to stop these guys from going over?

Winning in the PGA soon wont even be that impressive since it's not the worlds best vs the worlds best anymore
Im looking forward to the upcoming LIV vs PGA matchups that eventually will happen because LIV isn't going anywhere. strap your self in PGA fans it's prob only going to get worse from here.

Report: Six PGA Tour Players To Join LIV Golf Next Week

In a report by the Golf Channel, six players are set to join the Saudi-backed series, with their fourth event getting underway in Boston on the 2nd September

www.golfmonthly.com

The US PGA, which is the one really leading the drive here, is trying to play for time. They're hoping that the small "changes" will somehow allow them the time in order for LIVs backers to get tired and pull stakes.

The problem lies with the other PGA Tours deciding if they can hold out. They've already lost a lot to the US PGA and they can easily make deals with LIV that are to its benefit.

 

[CapitalsCupReality]

Here's a list of the top 24 LIV Golf money earners through the first four events — Golfweek

A lot of money has been given out thus far.

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